TIDMSYN

RNS Number : 1805H

Synergia Energy Ltd

26 July 2023

RNS Announcement

26 July 2023

AIM: SYN

Cambay C-77H Workover Update

Synergia Energy Ltd (the "Company" or "Synergia") is pleased to provide the following update concerning the current workover of the Cambay C-77H well.

Workover operations have proceeded according to expectations and commenced on July 15(th) when the C-77H well was "killed" prior to the removal of the production tubing. This was followed by the milling out of the bridge plug that had isolated the original four fracked zones from the two re-frac zones above the bridge plug. The production tubing was then re-inserted and flow back of the kill fluid commenced. Due to the presence of an extensive column of condensate in the wellbore, nitrogen lift was employed to assist with the flow back.

The workover rig was redeployed to the C-19z well on July 24(th) for a minor de-waxing workover.

The C-77H will be flowed for a period to satisfy the request of the Directorate of Hydrocarbons ("DGH") to establish a baseline of production without artificial lift. Over the coming weeks, the well performance will be observed after flow rates have stabilised. Following the establishment of the baseline of production, the workover rig will be re-deployed over the C-77H well for the installation of the jet pump artificial lift system. The jet pump installation is scheduled for mid-August 2023.

For and on behalf of Synergia Energy Limited

Roland Wessel

CEO

For further information, please contact:

 
 Investor Enquires           AIM Joint         AIM Joint Broker            AIM Nominated     Media Enquires 
 Synergia Energy              Broker           Novum Securities             Adviser          (UK) 
 Ltd                          Panmure Gordon   Broker                       Strand Hanson    Vigo Consulting 
 Briana Stayt                 (UK) Ltd         Colin Rowbury                Limited          Investor Relations 
 Investor Relations           Broker           Email:                       Nominated        Patrick d'Ancona 
 Email:                       John Prior       crowbury@novumsecurities.    Adviser          / Finlay Thomson 
 bstayt@synergiaenergy.com    / Hugh Rich      com                          Ritchie Balmer   Email: 
 Tel: +61 8 9485              / Freddie        Tel: +44 20                  / Rory Murphy    patrick.dancona@vigoconsu 
 3200                         Wooding          7399 9427                    Tel: +44         lting.com 
 Australia                    Tel: +44 (0)20   UK                           20 7409 3494     finlay.thomson@vigoconsul 
                              7886 2500                                     UK               ting.com 
                              UK                                                             Tel:+ 44 20 7390 
                                                                                             0230 UK

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July 26, 2023 02:00 ET (06:00 GMT)

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